Mississippi residents had the highest credit card delinquency rate in the nation in the fourth quarter (Q4) of 2012, TransUnion said in a recent report.
Consumers piled up more credit card debt and also paid late more often in the fourth quarter (Q4) of 2012, TransUnion said in a recent report.
Consumer delinquencies fell in the third quarter (Q3) of 2012, led by a large drop in bank card delinquencies, the American Bankers Association (ABA) said in a recent report.
A majority of Americans believe that smartphones will replace credit cards for payment transactions in the future, but not quite as many are ready to adopt this technology just yet.
Nearly two-thirds of Americans believe that smartphones will overtake credit cards for payment transactions, the results of a Harris Poll revealed recently.
The credit card delinquency rate on a national level rose in the third quarter (Q3) of 2012, TransUnion said in a recent report.
Consumer credit delinquency rates showed improvement in the second quarter (Q2) of 2012, led by positive movement with bank credit cards.
Metropolitan areas in the U.S. termed as struggling, or still recovering economically, posted yearly declines in credit card debt in August, a recent report from Equifax said.
Despite a quarter-over-quarter rise in average credit card debt, balances remain near record-low levels, TransUnion said in a recent report.
Consumers have paid down credit card balances at an impressive clip in the past three years, according to recent data from Equifax.